(December 4, 2024) -- The Apartment List December 2024 Rent Report for Tucson, AZ reports the overall median rent in the city stands at $1,082, after falling 0.7% last month. Prices are now down 2.2% year-over-year. Read on to learn more about what’s been happening in the Tucson rental market and how it compares to trends throughout the nation as a whole.
Tucson Rental Stats
Tucson rents are down 0.7% month-over-month and down 2.2% year-over-year
The median rent in Tucson fell by 0.7% over the course of November, and has now decreased by a total of 2.2% over the past 12 months. Tucson’s rent growth over the past year has is similar to the state average (-2.6%) but has fallen below the national average (-0.6%).
Tucson rent growth in 2024 pacing below last year
Eleven months into the year, rents in Tucson have fallen 1.3%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to November 2023 rents had increased 2.2%.
November rent growth in Tucson ranked #38 among large U.S. cities
Tucson rents went down 0.7% in the past month, compared to the national rate of -0.8%. Among the nation's 100 largest cities, this ranks #38. Similar monthly rent growth took place in Fresno, CA (-0.6%) and Las Vegas, NV (-0.7%).
Tucson is the #89 most expensive large city in the U.S., with a median rent of $1,082
Citywide, the median rent currently stands at $903 for a 1-bedroom apartment and $1,158 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,082. That ranks #89 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,214 for a 1-bedroom, $1,368 for a 2-bedroom, and $1,382 overall. The median rent in Tucson is 21.7% lower than the national, and is similar to the prices you would find in St. Louis, MO ($1,087) and Memphis, TN ($1,081).
Median Overall Rent Among 100 Largest Cities In the U.S.
Methodology
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Data Access
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.